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Semiconductors: Chinese takeover of UK's leading chipmaker doesn't need a security review – here's why

By Hamza Mudassir, Visiting Fellow in Strategy, Cambridge Judge Business School
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Chinese state-backed conglomerate Wingtech Technology is taking full control of the UK’s largest semiconductor foundry, Newport Wafer Fab (NWF), for £63 million. Wingtech has been a majority shareholder in NWF, which specialises in making chips for the car industry, since 2019 through its Dutch chip-maker subsidiary, Nexperia. But it is only now that the Chinese firm has decided to buy out all existing shareholders and debt-holders.

The news of the cross-border deal…

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